Economy

The former Vice Minister Belizza Ruizto whom the president gustavo petro guaranteed his resignation last Friday, assured that in the Ministry of Mines and Energy "The principles of professional practice were being violated" and he accused his immediate boss, Minister Irene Vélez, of yelling at her, lying and even putting people who should not be part of the board of directors.(You can also read: Irene Vélez: 'I have detractors outside and within the Government') In an interview with 'Cambio', Ruiz assured that what motivated her to leave the Vice Ministry was that "they were violating" the principles in professional practice.…

As of July 15, 2023, all workers will go to their workplace one hour less per week. Of the current 48, the working day will have 47 by law. This reduction obeys Law 2101 of 2021, which determines that the Colombian working day will gradually decrease until reaching 42 in 2026. In an interview with EL TIEMPO, Catalina Santos, a partner in the labor team of the firm Brigard Urrutia, answers the questions that both companies and employees have.(You can also read: Working hours: what is the economic impact of reducing it to 47 hours this year) When will the…

Swiss multinational food company Nestlé announced that between this year and 2026 it will invest 100 million dollars in Colombiawith which the company will be able to increase its production capacity, accelerate its digital transformation and guarantee operational sustainability. The company said in a statement that it is the materialization of a Agreement reached between the National Government and Nestléin the framework of the participation of the Colombian president, Gustavo Petro, in the Summit of the World Economic Forum in Davos, Switzerland. As part of the investment plan, Nestlé announced on Friday the opening of a new production line of…

The Financial Superintendence of Colombia announced this Friday that by February the usury rate will be 45.27% annual cash for the modality of consumer and ordinary credit.This result represents an increase of 201 basis points (2.01%) compared to the previous period. In January the figure was 43.26%. (You can also read: Belizza Ruiz: "Did Minister Irene Vélez lie? Yes, and I have the proof") For the microcredit modality, the rate is 39.20% and is valid from January 1, 2023 to March 31, 2023.Regarding consumption of low amount, the rate will be 29.37%. These rates correspond to the current bank interest…